Startup India Registration -

Startup India Registration

Startup India Registration - An Overview

Are you ready to kick off your entrepreneurial venture in India? The Startup India program, a key initiative by the Indian Government, is designed to support and nurture entrepreneurs. By securing Startup India Registration, you can unlock numerous advantages, such as tax breaks, streamlined compliance procedures, and diverse funding opportunities. This registration not only legitimizes your business but also links you to an extensive network of resources and support systems, aiding you in scaling and thriving in a competitive landscape.

CRSB is here to facilitate a swift and efficient Startup India registration process, helping you embark on your path to success.

Startup India Scheme

Startup India is a government initiative aimed at fostering the growth and advancement of startups across the nation. Established in 2016, this scheme’s primary goal is to nurture a vibrant startup ecosystem and position India as a global hub for innovation. By registering under the Startup India scheme, startups can access a wide range of benefits.

DPIIT Registration for Startups

Under the Startup India scheme, eligible enterprises can gain recognition as startups by the Department for Promotion of Industry and Internal Trade (DPIIT), a part of the Ministry of Commerce and Industry, Government of India. Obtaining DPIIT recognition qualifies startups for several benefits provided under the Startup India scheme.

Eligibility Criteria for Startup India Registration

To be eligible for DPIIT registration and to benefit from the Startup India program, your startup must meet the following criteria:

Business Structure: The startup must be registered as a private limited company, limited liability partnership (LLP), or partnership firm.
Age of the Startup: The startup should be no more than ten years old from its incorporation date. However, startups in the biotechnology sector can be up to 15 years old.
Annual Revenue: The startup’s annual turnover must not exceed INR 100 crores in any fiscal year since its inception.
Innovative Approach: The startup must focus on creating, deploying, or commercializing new products, processes, or services driven by technology or intellectual property.
DPIIT Recognition: The startup must secure a certificate from the DPIIT.
Legal Compliance: The startup must adhere to all applicable legal requirements, including the Companies Act, Income Tax Act, and Goods and Services Tax Act. It must also maintain a business bank account and provide these details during DPIIT registration.
Job Creation: The startup should either contribute to job creation or have the potential to do so, aligning with the Startup India scheme’s goal of boosting employment within the country.

Benefits of Startup India Registration

Startup India Registration provides a wide array of benefits to support startups:

Patents, Trademarks, and Design Registration: Startups can access facilitators approved by the government to secure patents or trademarks at an 80% fee reduction, covering only statutory charges.
Funding Support: The government has established a fund with an initial corpus of INR 2,500 crore, aiming for INR 10,000 crore over four years. This fund, functioning as a Fund of Funds, invests in SEBI-registered venture funds, offering indirect financial support to startups.
Self-Certification under Employment and Labour Laws: Startups can self-certify compliance with certain labour and environmental laws, reducing compliance burdens and costs. This self-certification is valid for three to five years after incorporation.
Environment-Related Acts Exemption: Startups in the 36 industries categorized as ‘white’ by the Central Pollution Control Board are exempt from specific environmental clearances under three acts for up to three years.
Tax Exemption: DPIIT-recognized startups are eligible for income tax exemptions for three consecutive financial years within their first ten years. Additionally, startups can apply for angel tax exemption under Section 56 of the Income Tax Act, which is advantageous for early-stage startups receiving investments above their fair market value.
Streamlined Winding Up: Startups can close their operations within 90 days of applying, providing an efficient exit strategy for businesses that need to cease operations.
Relaxed Public Procurement Norms: DPIIT-recognized startups can participate in public procurements without the usual requirements of prior turnover and experience, opening up significant opportunities with government departments, ministries, and public sector enterprises.

Documents Needed for Startup India Registration

To complete your startup registration and obtain DPIIT recognition, you will need the following documents:

Company Incorporation/Registration Certificate
Proof of Funding – If applicable, evidence of any financial backing received.
Authorization Letter – From the company’s authorized representative.
Proof of Concept – This could include a website link, pitch deck, or video showcasing the startup’s concept.
Patent and Trademark Details – If your startup has filed for any patents or trademarks.
List of Awards or Certificates – Any recognitions or awards your startup has received.
PAN (Permanent Account Number)

Procedure for Startup India Scheme Registration

Here’s how you can register your startup with Startup India and secure Startup India Certification:

Incorporate Your Business: Start by registering your business. Choose from options like a Private Limited Company, Partnership Firm, or Limited Liability Partnership (LLP). Submit your registration application with the necessary documents and fees to the relevant authority.
- For Private Limited Company or LLP: File your registration with the Registrar of Companies (ROC).
- For Partnership Firm: Submit your registration to the Registrar of Firms.

Obtain a Certificate of Incorporation or Partnership registration to confirm your business’s legal formation. CRSB can assist with your company registration process.

Register with Startup India: After incorporating your business, register it as a startup on the Startup India website. Complete the online form and upload required documents, including your business structure details and a brief about your products/services.
Obtain DPIIT Registration: After setting up your Startup India profile, the next step is to obtain recognition from the DPIIT. This recognition provides numerous benefits under the Startup India scheme.

To apply for DPIIT Recognition, log in with your registered profile credentials on the Startup India website and navigate to the ‘Apply for DPIIT Recognition’ option under the ‘Recognition’ tab. Select either ‘Apply as Company or LLP’ or ‘Apply as Partnership Firm.’ For Companies or LLPs, you’ll be directed to the National Single Window System (NSWS) website to complete the DPIIT registration process.

Completing this step will officially recognize your startup under DPIIT, giving you access to the Startup India scheme’s benefits and support.

Receive Your Startup India Recognition Number: Upon applying, you will receive a DPIIT recognition number as preliminary acknowledgment. The official Startup India Certificate of Registration will be issued after thorough review of your submitted documents. This certificate confirms that your startup meets all compliance and eligibility criteria.

Once you have the DPIIT certificate, you can apply for various benefits under the Startup India scheme, such as tax exemptions, patent filing, and IPR services. CRSB simplifies this process with reasonable registration fees

Choose CRSB for your Startup Registration

Opt for CRSB to expertly navigate your Startup India registration. Our team is committed to assisting you through every stage of the registration process, from company registration to obtaining your DPIIT certificate. We offer comprehensive support to ensure compliance with affordable registration fees and set the stage for your startup’s success and growth.